According to the court filing, The Hartford’s payment will be reduced if, after the agreement is signed, the BSA or the settlement trust enters into an agreement with another insurer, Century Indemnity Company, and Century’s settlement amount is less than two times The Hartford’s settlement amount.
Even without the possible reduction in The Hartford’s payment, attorneys representing abuse victims in the bankruptcy were appalled by the settlement.
“It’s outrageous…. Their real liability is in the billions of dollars,” said Paul Mones, who represents hundreds of abuse victims, including members of the official tort claimants committee that is charged with acting as a fiduciary for abuse victims in the bankruptcy.
“This is just business as usual for the Boy Scouts — paying lip service to their supposed understanding and concern for their horrific legacy of sex abuse … but not doing anything substantive,” Mones added.
Jim Stang, an attorney for the tort claimants committee, or TCC, said there are at least 24,000 sexual abuse claims subject to The Hartford’s policies. The actual number is likely significantly higher, given that many victims did not include the dates they were abused on their claim forms, he noted.